A personal loan agreement PDF is a saved file of a loan contract made between private individuals, such as family members, as stated by NOLO and Northeast Wisconsin Technical College. Using these agreements may help avoid confusion and hard feelings between friends and family over a loan in the long-run.
Personal loan agreements outline all of the details involved in one person making a loan to another person. This includes, the date of the loan, length of time to pay it back and any interest on the loan, as stated by NOLO.
When the agreement is in PDF, that means it is saved in portable document format. This format saves a viewable version of a document, usually a form, that can be printed or, in some cases filled in, but cannot be modified.